The Florida Dream
Damon Duvall

Listing Search

Buying a For Sale By Owner Home From private seller Zillow Trulia yard sign ad or a FSBO site

Fri, May 19, 2017 at 7:30AM

  • Buying a For Sale By Owner Home From private seller Zillow Trulia yard sign ad or a FSBO site

Shopping for a Home in the Orlando area and considering a for sale by owner? Is it more challenging? What should you expect?

While shopping for a home online you can see, many homes listed by real estate company’s realtors. Just a click away on Zillow or Trulia and you can encounter homes listed as FSBO or fizbo in realtor talk. Or you may even have a friend at work advertising his/her home on a bulletin board and offering to sell you their home directly.

While initially buying a home without a realtor may seem to be beneficial that actually is not true. Here are some things to keep in mind when looking or thinking about a for sale by owner.

   When faced with the option of selling or not most sellers will work with your agent.

If not is this the best situation to enter into? Probably not for a litany of reasons. Smart sellers will commonly go ahead and include a possible buyer’s agent commission into the deal. After all most buyers are aware that buying a home once every five or ten years does not make them as good at buying homes as someone who does it multiple times a year.  

Buyer’s agents also have better tools at their disposal and are (or should be) better at researching areas, local knowledge and the entire offering, acceptance, inspection, financing, title research final financial acceptance and dealing with unexpected problems and lender demands until the final closing. Oh, and buy the way being a buffer between often angry buyers and sellers during the process.

So in a nutshell if you see a FSBO you really like contact me or have your agent reach out and make the first/initial contact. Many FSBO’s add into their advertisements “will cooperate with local agents”. Or something to that effect.

One bit of advice. If you see a FSBO and read the description and determine the tone is unfriendly toward Realtors. Be Cautious. However Normally that is not the case.

If you locate a home in a great location and it happens to look perfect for you just think of it as another potential home for you. It may end up being your dream home!

One reason intelligent buyers use Realtors is that the buyer realizes that this is a huge transaction. People are making/have made large investments both emotionally and financially. So often during negotiation those emotions surface. If you choose to have a detached person that is experienced in this represent you then join the crowd of experienced buyers.


This is IMPORTANT! The Laws Governing Real Estate Transactions Still Apply to FSBO.

The owner still has the obligation to disclose know defects and problems to the home buyer, you still have a right to have the home inspected. Do you want your realtor to be at the inspection? Do you want the owner to shadow the inspector?

Is the seller insistent on having it or “doing it” his/her way? Did the owner used to be an agent? Is the owner an attorney? Ask the hard questions and trust your gut. If it does not feel right maybe it is not. A Realtor exists for a reason. By enlarge people have learned using one is the preferred.

Who is confirming pricing on the house? Or was pricing the reason it became a FSBO?

Unfortunately, is far too common today for agents to accept listings that are priced to high. If they won’t another agent will. Or the owner will attempt to sell FSBO. A lot of homes over the median price in areas are still underwater. Meaning the owner owes more than the house is worth. Or the owner is just unrealistic about the house’s value. That leads to problems. When a realtor lists a home the realtor should make sure adequate funds area available to complete the transaction. That occasionally effects seller’s as well.

Nearly 90% of homes currently FSBO will end up listing with an agent. A final fact to keep in mind.

Below are Homes For Sale In Windermere Florida

Bookmark & Share

User Comments

Be the first to comment on this post below!

Popular tags on this blog

Dr. Phillips Real Estate | For Sale by Owner | Gated Community | Gated Subdivision | Homes for Sale | Market Statistics and Market Trends for 2013 | Summerport Community | Summerport Market Expert | Summerport Realtor | Summerport Statistics | Summerport - Windermere Fl | Windermere Fl Homes sold | WIndermere Fl Homes Sold by Community | Windermere Florida | Windermere Homes for Sale | Windermere Homes Sold | Windermere Market Snapshot | Windermere Market Statistics | Windermere Market Statistics and Trends | Windermere Monthly Sales | Windermere Real Estate | Windermere Realtor | Winter Garden Florida | Winter Garden Real Estate | Winter Garden Realtor |

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 10/17/21 5:02 PM) |
Featured Listings
Altamonte Springs Real Estate
FAIRWINDS ESTATE - Incredible One of a Kind - 3 Mid-Century Mediterranean styled homes with Mansard roofs on gated water... Read More
Altamonte Springs Real Estate
This spectacular lakefront estate combines old-world elegance and modern sophistication. Sited directly on crystal clear... Read More
Altamonte Springs Real Estate
2.5 BATH
Introducing Villa Del Sol an exquisitely designed modern Lakefront masterpiece inspired by Frank Lloyd Wrights belief in... Read More
Altamonte Springs Real Estate
2.5 BATH
This private luxury Estate, nestled in Altamonte Springs, is a very rare gem. Enter through your own secured private g... Read More
Altamonte Springs Real Estate
Welcome to the secluded and rare woods of Spring Knoll Lane! This spectacular property is unlike anything you have seen... Read More
Altamonte Springs Real Estate
5.5 BATH
Price Reduced! One of a kind opportunity on Spring Lake. This privately gated property offers the best in Florida lake f... Read More
Altamonte Springs Real Estate
3.5 BATH
PRIVATE LUXURY ESTATE on 1.36 Acres w/ 10 CAR/ RV GARAGES for the avid car enthusiast or RV owner. The MAIN HOUSE is 375... Read More
Apopka Real Estate
Location, location, location! We invite you to see this countryside estate with over 11 acres of peace, private and t... Read More
Apopka Real Estate
Great investment potential. Multiple units including a single family home featuring 3 bdrms, 2 baths. A second single f... Read More
Damon Duvall


Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
14832 Speer Lake Drive
Winter Garden, FL 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2021 - all rights reserved. | Site Map | Buying a For Sale By Owner Home From private seller Zillow Trulia yard sign ad or a FSBO site